Property Description

Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or “house hack” investor with a low down payment FHA loan. One unit will free up this summer. n Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth’s best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer’s Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.

Features
: Heat Pump(s)
N
: Brick
: Brick/mortar
2
: Other
N
: Federal
: Electric
: Electric
: Electric
N
N
N
Address Map
UPSHUR
224
STREET
W78° 59' 6.5''
N38° 56' 31.2''
NW
224
From Georgia Ave in Petworth travel east on Upshur St to 224.
MLS Addon
Engel & Volkers Washington, DC
Philip C DiRuggiero
Bright
BRIGHT_MAIN
Annually
N
Domp
Annually
97170
121134557062
RAYMOND EDUCATION CAMPUS
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
1,584 Sqft
: Interior Row/townhouse
2,224 Sqft
No
: Standard
$6,433
2023
MU-3A
: Public Sewer
: Public
640 Sqft
2
$0
$0
$0
$0

Multi-family For Sale

224 UPSHUR STREET, WASHINGTON, District Of Columbia 20011

2,224 Sqft
$849,900
Listing ID #DCDC2138600
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : DCDC2138600
Price : $849,900
Sqft : 2,224 Sqft
Year Built : 1921
Lot Area : 0.04 Acre
Status : Active Under Contract
Property Sub Type : Triplex
Price Per SQFT : $537
Agent info
Robert Spicer
Spicer Real Estate, Inc.
7201 Wisconsin Avenue
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
This listing courtesy of: Engel & Volkers Washington, DC
Listing provided by: Philip C DiRuggiero